PERTH (Reuters) - Glencore Xstrata &lt;GLEN.L&gt; is stopping work on a planned 35 million tonnes per annum Australian coal export terminal as a result of poor market conditions, making it likely it will also scrap an associated coal mine. Full story

SYDNEY (Reuters) - Aquila Resources &lt;AQA.AX&gt; on Monday suffered a set back to its plans to raise capital via asset sales to help fund a A$7.4 billion ($7.6 billion) Australian iron ore project after Sumitomo Corp &lt;8053.T&gt; pulled out of a coal exploration partnership. Full story

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An impulsive swim with a friend in a flooded Queensland creek left a 14-year-old by desperately clinging to a tree until police and firefighters were able to reach him and pull him from raging floodwaters. NBC’s Sara James reports.

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ATTENTION EDITORS - REUTERS PICTURE HIGHLIGHT TRANSMITTED BY 1355 GMT ON JUNE 22, 2013DBG200A woman walks with her dog into the surf at Fingal Beach, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads. REUTERS/David GrayREUTERS NEWS P

Fishermen stand on a rocky outcrop as they fish at Fingal Head, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads June 22, 2013. REUTERS/David Gray (AUSTRALIA - Tags: SOCIETY TPX IMAGES OF THE DAY ENVIRONMENT)

A woman walks with her dog into the surf at Fingal Beach, located just 1 km (0.62 miles) south of the Queensland and New South Wales border, near the town of Tweed Heads June 22, 2013. REUTERS/David Gray (AUSTRALIA - Tags: SOCIETY ANIMALS TPX IMAGES OF THE DAY)